: Mitchell rejects the idea that budgets should be balanced annually. Instead, he advocates for "Functional Finance," where fiscal policy is judged solely by its impact on the economy (e.g., reaching full employment) rather than the size of the deficit [1, 2].
Professor of Economics at the University of Newcastle, Australia, and a key architect of MMT. He is widely recognized for his work on the Job Guarantee and functional finance.
The economy experienced significant fluctuations in unemployment, from very low rates during the boom to much higher rates during the downturn.
William Mitchell (University of Newcastle, Australia), L. Randall Wray (Levy Economics Institute), and Martin Watts (University of Newcastle).
: University lecturers can request digital inspection copies directly through the Macmillan instructor portal. Author Blogs and Supplementary Material
The book's table of contents demonstrates its comprehensive nature. Here is a sample of its 33 chapters:
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